What is Bitcash?
A novel collateralized stablecoin system that empowers users who deposit EOS in the community platform. In the future 80% of revenue proceeds from exchange, payment, investment & lending services will reward depositors. This system automatically generates fiat stablecoins for users and has the potential to generate other derivative assets in the future for use & trade. The first trading application called 100x makes trading secure and simple and leverages the bitcash system to provide a liquid EOS /USD exchange with leverage.
What Makes Bitcash Different?
Fixed peg & redemption based on price feed VS. soft peg with MakerDAO and others
Pooled collateral and auto-generated stablecoins VS. user specified and manually generated
In the future users who stake collateral will earn 80% of trading, lending, payment income generated from DAC
What Makes Bitcash So Useful?
You can spend bUSD as a credit line for goods & services.
Spend bUSD as loan instead of selling EOS so you do not need to pay capital gains tax.
If you have a business with upcoming expenses you can use stable bUSD as cash reserves.
If you think EOS prices are too high you can temporarily hedge your positions or even short EOS
If you are bullish on EOS, you can borrow bUSD to leverage your investment up to 3x.
You can trade back and forth between EOS and bUSD to accumulate more value in the long run.
Earn multiple forms of income from staking EOS (eg. DAC trading fees, REX, vote rebates)
How Do I Get Started?
It’s easy. Our first application called 100x allows you to buy bUSD & trade between EOS and bUSD. All you have to do is click below to get started on our 100x beta app and deposit EOS. Our beta app will be launching soon!